Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) had its target price hoisted by investment analysts at CIBC from C$11.00 to C$13.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the mining company’s stock. CIBC’s price target indicates a potential upside of 24.05% from the stock’s current price.
Several other research firms have also weighed in on HBM. National Bankshares lifted their price objective on Hudbay Minerals from C$8.50 to C$8.75 and gave the company a “sector perform” rating in a research note on Monday, February 26th. Stifel Nicolaus set a C$11.25 price target on shares of Hudbay Minerals and gave the company a “buy” rating in a research report on Tuesday, March 26th. BMO Capital Markets dropped their price objective on shares of Hudbay Minerals from C$9.50 to C$8.50 and set an “outperform” rating for the company in a research report on Friday, December 22nd. Raymond James lifted their target price on shares of Hudbay Minerals from C$9.00 to C$10.50 in a report on Wednesday, March 20th. Finally, Scotiabank increased their price target on Hudbay Minerals from C$10.50 to C$11.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$10.32.
Get Our Latest Stock Report on HBM
Hudbay Minerals Trading Up 0.3 %
Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) last issued its earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share for the quarter, topping the consensus estimate of C$0.15 by C$0.12. Hudbay Minerals had a return on equity of 3.68% and a net margin of 3.93%. The business had revenue of C$819.90 million for the quarter, compared to analyst estimates of C$710.46 million. On average, sell-side analysts anticipate that Hudbay Minerals will post 0.681388 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total value of C$117,188.99. In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$9.45, for a total transaction of C$46,446.75. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of Hudbay Minerals stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total value of C$117,188.99. 0.07% of the stock is owned by company insiders.
About Hudbay Minerals
Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.
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